Need help in settlement of your credit card dues or personal loans?
Many lenders will look at your CIBIL score, as well as other qualifying criteria, when assessing your personal loan application. Can you obtain a loan if your CIBIL rating is bad or low? The Credit Information Bureau (India) Limited is what the name CIBIL means. Other than TransUnion CIBIL (its formal name), there are other […]
If you are in financial trouble, the last thing that you want to do is mortgage your gold assets. This is a huge mistake because it will only complicate your situation. There are plenty of alternatives for people who need cash fast and don’t have any other options available. In this blog post, we will […]
Cashless transactions today are becoming more and more popular since safer, speedier and less cumbersome than transactions involving cash. However, cashless transactions, including the use of credit-cards often create a situation of overspending which in-turn leads to debts. Getting out of these can be time-consuming and expensive. You will have to pay interest rates in […]
‘Interest free period’ or ‘grace period’ on your credit card represents the timeframe between the bill cycle’s end to the due date of payment. Grace periods may vary from bank to bank and based on the type of credit-card, but usually it ranges from 20 to 30 days. Grace period is an incentive that is […]
The lenders, in attempt to recover the dues from the borrowers, often employ recovery agents with an aim to threaten and harass the borrower in repaying the dues. This has led to a serious rise in the number of disputes and litigation against the banks and has seriously hampered the reputation of the banking sector […]
Lenders today are aggressively reducing interest rates offered on home loans to increase demand. However, if you’re an existing borrower, and still troubled by the exorbitant rates as your loans are either base rate-linked or benchmark/retail prime lending rate (B/RPLR)-linked, here are a few tips to reduce your interest amount. These tips can be employed […]
Amidst the pandemic and the ever-increasing inflation rates, it isn’t always a walk in the park to accumulate savings and plan your expenses. The rising prices of essential commodities as well as other products comes at an opportunity cost of savings and secured investments. In these circumstances, it is human tendency to opt for the […]
As the economy recovers from the crippling effects and devastating impact of the COVID-19 pandemic, layoffs and furloughs are on a rise, since the number of people unemployed has increased disproportionately to the number of vacancies. To add to the turmoil, it has become particularly difficult for people who have lost their jobs to alter […]
There are mainly two types of loans, namely, secured loans and unsecured loans. Secured loans are loans backed by collateral. These include mortgages, car loans, etc. wherein the collateral is your home or your car. Alternatively, unsecured loans do not require a collateral, though you are still charged interest and sometimes fee. These include personal […]
BRIEF FACTS Mr. Ram Prakash Dahiya (hereinafter “Plaintiff”) had raised a personal loan from the Barclays Bank (hereinafter “Respondent”), to the tune of Rs. 4,12,000/- for running a transport business along with his wife, Mrs. Parmeshwari Devi. The loan was repayable with interest in 60 equal instalments, starting from September, 2007. However, the plaintiff was […]
Need help in settlement of your credit card dues or personal loans?
